I've made 50+ edits on SO, and I always have to wait for my edits to be peer-reviewed because my reputation (672) isn't high enough yet.
Shouldn't we give edit privileges based on the number of "trustworthy edits" made, in addition to the reputation privilege? It'd be more efficient, since the "peer-reviewers" won't have look at my edits every time I submit them.
But to determine whether a user is ready for this privilege, they should have greater than xx edits with >95% "trustworthiness".
Also, this doesn't mean that the low-rep trustworthy editor can do whatever he or she wants - it's just that their "review-priority" is lowered, and their edits are immediately submitted.
Abuse of this privilege will eventually lower their "trustworthiness", and it'll automatically be revoked.